The Portland daily press., 1887-06-13
BAR HARBoR NEWS.
The Land Boom at malne's Great
Resort.
Some Interesting Facts About the
Great Craze.
Personal and other Matters of Gen.
eral Interest.
BAR HARBoR, June 10.

BAR HARBoR, June 10.
Correspondence Of the Press1
IN conversation with a prominent land
DroKer Oh this place your correspondent
learned many interesting facts which NAV
cast considerable light on the present real
estate craze here. He went back 10 the early
history OF the island and cited many import
ant 1acts eoncering the grant Of Louis XII
oil France to De La Motto Cadillac of In
Island OF Mt. Desert. "All the present titles
10 real estate can be traced back to the orig
mai heirs OF Cadillac, and at this time, when
land Is so valuable, good title is worth the
having" Continuing, he said: "Tbe old
settlers now living no doubt look back with a
Ieeiing OF deep regret on lost opportunities.
a iew hundred dollars wisely invested ten
years ago would have made the happy pos
SCISSOR millionaire today. Why, think Of il.
A iew years ago only was offered 100 acres
OF land here. fronting on Main street, for the
.s'' 1',s. ~ sEha = rafnsad 10 buy because
4 at III -tizHao COO M fo1 Ss
10 pay lOr a lew acres OF old rocks ati16
stumps. Today you cannot purchase that
same lot under $500 per square foot. About
twenty years ago the tract Of land which ex-
tends from Cromwelps Harbor to Great Head
was heavily wooded, and the owner wanted
to sell me the entire strip at the low rate Of
70 cents per acre. l. being then fond disci-
pie Of Horace Greely, did not take up the
offer, but instead took $40 and went West.
All OF this land Is now selling as high as
$1,000 per acre. Lands situated near Otter
Creek, once thought worthless by their owner
excepting for pasturage, are selling for from
$1,000 to $1,000 per acre"
"How long do you think this craze will
last9 Do you think these lands now estima-
ted at such enormous prices will continue 10
retain their present value?''
II think" said he, shat the majority Of
lands now being placed on the market at
prices FAR above their real value and which
are remote from the village Of Bar HarbOr
will In the end gradually decline in value as
the present craze subsidies. Men are now
heated to white heat as 1t were over real
estate. Their interest as they finally cool
down will die out and all this land located In
the outskirts Of the town and away from the
sea especially win in few years fall back
30 its original value.
Therefore those who have now got land TO
sell from which they can realize fair profit
should get rid Of 1t at once while the iron Is
hot. From lands which in few years long
er will hardly sell for their original cost, can
now be realized immense profits and It would
certainly be a wise stroke Of policy for
holders to let it go while they can receive
fair percentage on their Investments.
What Is your opinion Of lands situated on
the main land contiguous to Mt. Desert
island9
well you see these natives over across
the bay here have heard this question Of
land talked over so much and ever ready TO
believe all these fabulous stories flying
about through the country about great for
tune making that they too have caught the
disease and have got 1t real bad. Every
man here on the coast now who is lucky
enough TO possess a few acres OF rocks Is
carried away with the erroneous idea that
his land Is his fortune and hence places
value on them nearly equal to that Of lands
located here In Bar Harbor village. He
expects 70 awake most any morning to find
himself rich man. But his expectations
can never be realized. not so long at least as
there Is building lot left on the island. Al
few odd sticks who desire to dwell apart
from the rest OF humanity have purchased
some ot these places, but they are compara-
lively lew as the majority OF people are al
10 come more directly to the point, the
land boom there Is not healthy one, and
some OF these would-be spectators, II they
are not very careful, win get sadly lefto
that they will not. But that's where they
are mistaken. You know a good many
thought at the time that they were all safe
by investing few dollars In silver mines,
but when the tide ebbed they found them
selves alone on the shore.
But how about lands located at Bar Har-
Dor? These, OF course, are all right. ANY
man may Judiciously invest few thousand
mere and De safe. The fact Is, so many
wealthy men have come In here and settled,
that they are not going 10 let it fail They
have expended good deal Of money here in
costly mansions, and Of course will not 20
away and leave them. They looked this
| country all over before laying out single
| cent in real estate. and found 1t to be the
| place they wanted for a summer resort. They
| were fascinated by the picturesqueness OF
the place, and bought land at whatever fig
| ure.p
when we Yankees want thing. YOU
know, we want Il bad. Well, these men are
the Yankees, and IL they see site that suits
their taste, they are bound 10 have It, for
they have got tbe means to back up their de-
i sires."
Then you think land here viii continue to
/ increase in value?
II certainly do. and the land that Is now
selling Tor $3.50 per square foot will. in
has got the starr Of all other watering places
and with such motive power behind her as
she now has, Is surely destined to become
the queen Of American summer resorts.
Parke Goodwin, Of New York, thinks of
erecting new cottage on Eden street, pre-
teTrlng that location to his present one on
/ Albert Avenue
9; Morton Smith. Of Philadelphia. arrived
/ with his family on Wednesdays boat Mr..
Smith has nearly completed most beautiful
/ residence at CrOmwellS HarbOr.
| Inc following have rented cottages for the
summer: The Hardy cottage by Mrs. II. o.
/ january, OF st. Louis; Mrs. M. G. Beach,
New York. the Earl cottage; s. ID. Buck, OF
| Boston, the Ocean cottage, and DIR. Chap
/ man, Of Philadelphia, ID. Il. Marcyer cottage
on Mt. Desert street. The dining-room furn-
iture OF Mr.. w. A. Milliken's new cottage on
West street includes an antique sidebOaTd
once the p ;operty Of old Gov. King, Names
/ first governor. The st. Lawrence ROdick
Marlborough, Grand Central and West End
| are to open June 22d. Nearly all the rooms
| at the Rodiek are engaged. Gen. w. i. Sher-
man has taken rooms. The rooms at the st.
/ Sauvier are all taken and refusals are.be
| ing made daily to those who are putting in
| their applications. o. M. Shaw, the popular
proprietor Of the West End, says that his
rooms are all taken for the season. my
| guests are usually not regular bOarders but
| my house Is always filed up. / have added
! 40 new rooms this season, including three
splendid parlors on the first floor which will
| low furniture"
Tie West End Is next to the RodIck in size
and In popularity stands first. Those who
have lately put in applications for apart
| ments are Horwitz BurtOns, the Nelson's
Edward Wharton. of Philadelphia, Mrs. Gen
Silas Casey, New York, Mrs. Gordon Doug
lass, Baltimore, A. ii. Nelson, Of the British
Legation. and Rear Admiral Howell, WASH
ington, the last four mentioned will be at the
st. Sauvier.
The new blocks Porcupine and Roger are
| nearing completion. These are the finest
buildings erected on Maine street during the
last season. Fred johnson will furnish n
large restaurant In the Roger for the coming
summer. The POrcnpine has eight large nav
windows on the front and will be used for
stores and various other apartments.
Mr.. Brewer Is putting up a large block nm
the corner of Main and West streets va
The new boiler for the electric LIGHT vvorl,s
arrived to-day. II Is abnat 16 feet M lensfb
and feet In diameter. Ii weighs 900 ponnds
The lights will be ready In few weeks now
The Rodleks are at work on their watsr
works putting the pipe in order. The new
water company, the Eden, L. LAYING low and
says but little. But II Is believed that tIeis
silence is but the lull before the storm. Manv
think that they will open up their Nork =